On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response was remarkable and we are pleased to have processed relief requests for over 30 clients. Master Servicers and … [Read more...]
5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
ValueXpress has processed roughly 20 Paycheck Protection Program (PPP) loans for its clients. The loans are forgiven if the proceeds are used for eligible expenses for the 8-week period after closing of the loan. The recipient of a PPP loan will have the following portion of the loan forgiven: … [Read more...]
4.27.20: – UPDATE: VALUEXPRESS ADDS CAPACITY FOR CMBS LOAN PAYMENT DEFERRAL ASSIGNMENTS AS APPROVALS ROLL IN
ValueXpress is receiving loan payment relief approvals for its CMBS conduit loan clients from Master and Special Servicers. Special Servicers are approving relief for qualifying clients as “performing loan consents.” These consents allow the Master Servicer to apply reserves to upcoming loan … [Read more...]
4.9.20 BREAKING – VALUEXPRESS ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS REACHING CAPACITY
On March 20th, ValueXpress began providing advisory services to obtain loan payment deferrals for existing and new clients related to the effects of the COVID-19 outbreak. The response has been remarkable as we are pleased to be processing relief request for over 30 clients. However, to ensure … [Read more...]
3.30.20: BREAKING: VALUEXPRESS PREPARES TO ASSIST CLIENTS WITH SBA DISASTER LOANS AND SBA PAYCHECK PROTECTION LOANS
On March 20, ValueXpress launched advisory services to obtain loan payment deferrals for existing and new clients with CMBS loans. Click here for information regarding this program. We are working with master servicers and special servicers to assist over 30 ValueXpress clients currently. On … [Read more...]
3.20.20: VALUEXPRESS NOW PROVIDING ADVISORY SERVICES FOR LOAN PAYMENT DEFERRALS
Effective immediately, ValueXpress is providing advisory services to obtain loan payment deferrals for existing and new clients. Borrowers seeking payment relief resulting from the effects of the COVID-19 outbreak should contact ValueXpress now for assistance with submitting a Loan Payment Deferral … [Read more...]
3.3.20: CMBS LOAN RATES AT RECORD LOWS AS TREASURY AND SWAP RATES FALL
The 10-year Treasury yield dropped to a record low on Tuesday as the historic decline in U.S. rates continued amid the coronavirus outbreak and the Federal Reserve’s 50-basis-point (bp) emergency interest rate cut two weeks before its March meeting. The 10-year Treasury yield fell to an intraday … [Read more...]
2.25.20: A PRIMER ON FLOOD INSURANCE FOR CMBS LOANS
The Federal Emergency Management Agency (FEMA) has developed Flood Insurance Rate Maps (FIRM) for all land in the United States. FIRM are used by surveyors to determine the Flood Zone for all property secured by a CMBS loan, and the Flood Zone is required to be noted on all surveys for a CMBS … [Read more...]
2.20.20: CBRE REPORTS ON CAP RATES AT YEAREND 2019
CBRE notes that capitalization rates (cap rates) were broadly stable in the second half of 2019 and relatively stable for full-year 2019 in its recently published survey for income producing commercial real estate (retail, office, industrial, multifamily and hotel) as of December 31, … [Read more...]
2.17.20: OPTIMISM ABOUNDS AT MBA/CREF CONVENTION
Capital for investment in real estate debt and equity is anticipated to be plentiful in 2020, according to panelists at the MBA CREF/Multifamily Housing Convention & Expo held in San Diego this week. But the abundance of capital is creating intense competition. Bank portfolio lenders continue to … [Read more...]
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